Central Act
28
Section 28. Liability of mortgagee.
The Merchant Shipping Act, 2025
In forceAll India (Central Act)
28. Liability of mortgagee. When, during the continuance of the mortgage, the mortgagee takes possession of the mortgaged vessel or is asserting a claim before the court for possession of the vessel, he shall be responsible for--- (a) managing the vessel as if it were his own vessel; (b) making such necessary repairs to the mortgaged vessel as may be required for the smooth operation and normal functioning of the vessel; (c) ensuring that no act is committed which is destructive or permanently injurious to the vessel; and (d) such other liability as may be prescribed.